# MGM: options-positioning snapshot

Canonical: https://halfonadouble.com/stock/MGM
Data through: 2026-10-16 close
Publisher: Half on a Double

| Published field | Value |
| --- | --- |
| Close (USD/share) | 28.60 |
| Delta neutral (USD/share) | 28.61 |
| Gamma neutral (USD/share) | 27.22 |
| Gamma max (USD/share) | 38.58 |
| Open interest (contracts) | 185,930 |
| Nearest-expiration max pain (USD/share) | 33.00 (2026-11-20) |
| All-expiration max pain (USD/share) | 33.00 |
| Net gamma exposure | 1,243,627 |
| Confirmed GEX flip (USD/share) | 27.22 |
| Call wall (USD/share) | 50.00 |
| Put wall (USD/share) | 30.00 |
| Put/call open-interest ratio | 0.41 |
| Options catalyst-intensity score (0–100) | 53.7 |
| Options directional score (-100 to +100) | 13.5 |
| IV rank | 100.0 |
| Front-minus-back IV | 3.8 pp |
| Front 25-delta risk reversal | 2.7 pp |
| Call OI change, 1 session | -65,490 contracts · -33.2% |
| Put OI change, 1 session | -23,396 contracts · -30.2% |
| Call minus put OI growth, 1 session | -2.9 pp |
| Call OI change, 5 sessions | -58,057 contracts · -30.6% |
| Put OI change, 5 sessions | -24,280 contracts · -31.0% |
| Call minus put OI growth, 5 sessions | +0.5 pp |
| Daily call OI change surprise | -13.02σ (252 prior changes) |
| Daily put OI change surprise | -5.14σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.84σ (252 prior changes) |
| Daily open interest change (contracts) | -88,886 |
| Daily open interest change z-score (prior 252) | -9.81σ (252 prior changes) |
| Gamma max distance from close | +34.9% |
| Delta neutral distance from close | +0.0% |
| Prior-year sessions closer to gamma max | 97.6% of 252 |
| Prior-year sessions closer to delta neutral | 0.0% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 43 | -0.4% | -1.2% to +0.7% | 42% | -0.9% to +0.3% | 0.0% |
| above | Day +3 | 43 | -1.1% | -2.6% to +0.7% | 35% | -1.6% to 0.0% | 0.0% |
| above | Day +5 | 43 | -0.9% | -3.2% to +0.6% | 33% | -1.9% to -0.2% | -0.2% |
| above | Day +10 | 43 | -2.3% | -5.0% to +1.5% | 37% | -3.8% to +0.0% | 0.0% |
| below | Day +1 | 40 | +0.1% | -1.5% to +1.1% | 53% | -0.4% to +0.7% | 0.0% |
| below | Day +3 | 40 | -1.1% | -2.9% to +0.8% | 38% | -2.2% to +0.2% | 0.0% |
| below | Day +5 | 40 | -1.2% | -3.4% to +1.9% | 43% | -2.2% to +0.8% | 0.0% |
| below | Day +10 | 40 | -1.2% | -4.1% to +0.2% | 28% | -2.6% to -0.6% | -0.6% |

Returns are close-to-close after the labelled number of subsequent trading sessions. Cohorts require gamma max to be within 10% of the close on both crossing sessions. Historical windows can overlap and are not independent observations, so interval coverage is not guaranteed.

- [Machine-readable snapshot](https://halfonadouble.com/api/v1/tickers/MGM.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/MGM.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/MGM.json?date=2026-10-16&public_schema=4)

An em dash means unavailable, not zero. Values use the same display rounding as the HTML page. This is a current snapshot; full history and individual event paths are on the canonical page.

[Definitions and limitations](https://halfonadouble.com/methodology.md).